Univerzita Karlova v Praze Fakulta sociálních věd Institut ekonomických studií Název DP v jazyce práce Family House Market in Europe during the Recent Crisis Podnázev práce Překlad názvu DP v angličtině nebo češtině Trh rodinných domov v Európe počas súčasnej krízy. Typ práce diplomová práce Autor/ka: Adam Béreš Rok zpracování 2015 Vedoucí práce PhDr. Pavel Vacek Ph.D. Abstrakt anglicky This thesis analyzes family house market in seven European countries: the Czech Republic, Austria, Belgium, Denmark, Germany, Finland and Slovakia, together with two cities: Bratislava and Prague. The main goal is to compare family house price determinants in transitional countries with developed ones and capture possible effects of the recent economic crisis. In the first part, panel data models are employed to determine price determinants and any housing bubbles. Real GDP growth rate as a proxy for households' income, together with housing loan interest rate proved to be significant price determinant for both groups. Housing market in transitional countries is influenced only by demand side factors like unemployment. Housing market in developed countries is led by demand and supply side factors represented by labor cost index. In the second part of the analysis, VAR model is employed, for each country separately, to detect...

House Price in Taiwan is very volatile during the past few decades. As Taiwan go into enormous boom, more and more amount of money invest in the house market. Although house investment is considered as a good investment tool with low risk and inflation hedge properties, its risk can not be underestimated. Therefore, by using the GARCH model, this paper tries to analyze volatilities of investment return in the Taipei housing market from 1973 to 2002. For existing housing, we are not able to use GARCH to model investment volatility because of uncorrelated term risks. On the contrary, pre-sale housing contains correlated term risk. We adopt ARMA(4,4)-GARCH(1,1) to model the investment volatility of pre-sale housing. The investment risk of pre-sale housing is not constant but is time-varying. When an unexpected event happened, the shock will persist but decay from 86 percent in the next term to 40 percent in the sixth term. And we can observe volatility cluster phenomenon from the graph of conditional variance. During 1973 to 1975¡B1979 to 1983 and 1987 to 1990, the risks are higher than other period. Because previous studies commonly suggest some structural changes in the Taiwan housing market, we also control the risk premium affected by the structural changes in our model. We found ARMA(4,4)-GARCH(1,1) can still model the investment volatility process of pre-sale housing, but there is no evidence of risk premium caused by structural changes.

This diploma thesis deals with a development project in Prague the name Residential Complex of the Green Town and development market analysis in Prague. The diploma thesis describes individual phases of the development project, summary SWOT analysis for construction, method of project financing and risk management plan. The analysis of development projects is focused on the development of supply, demand, the development of new flats depending on the financial availability and location, where the prices of flats are compared with my resolved apartment building.

States are facing tough economic times as a result of the housing market bubble exploding. States have been declaring budget deficits and major program cuts, since revenues have not kept up with expenditures and rainy day funds have been practically exhausted. State tax revenues have decreased, resulting from a decline in income tax revenues, one of the major sources of revenues for a large number of states (41 in total). A majority of these states have come to depend heavily on the revenue they collect from income taxes, which can represent as much as 40% of state tax revenue. This thesis focuses on the impact that income tax revenue has on state budgets and how it affects certain expenditures. To provide a more complete understanding on how fiscal policy affects the citizen directly, this thesis compares the changes in state's total tax revenue and spending on education and health programs between states that levy income tax and states that do not. Data from the United States Census Bureau and the National Association of State Budget Officials was analyzed by calculating the growth rate and relevant elasticities during 2006-2010, the years before, during, and after the last recession. Results will show a difference in changes in revenue and expenditure between the two types of states and a more sensitive elasticity for non-income tax states for both revenue and expenditure. With a better understanding of how the tax base behaves and how revenue affects programs, an improved tax policy that could produce more efficient services for citizens might be created.

Les inédits du Sud révèlent une double qualité pour fonder une recherche en cinéma : ils sont à la fois les expressions marquées et les filtres d’observation privilégiés des environnements de trois grands domaines : les Relations internationales, la politique publique et le contexte français du marché de l’Art et Essai. Autour et grâce à un corpus de 430 films de longs métrages distribués commercialement pour la première fois en salles en France entre 1990 et 2007 [Afrique subsaharienne, Mena Iran, Asie centrale, Asie, Amérique Latine] cette thèse propose :- une étude de la construction de la scène culturelle de la diplomatie au sein des politiques étrangères bilatérales et multilatérales, à l’échelle française et européenne et de la place assignée au cinéma par le phénomène des fonds d’aide à la production [Fonds Sud, HBF, ACPFILMS…] dans l’action plus vaste en faveur de l’audiovisuel extérieur ;- une mise en perspective de la construction de la politique publique cinématographique, de ses problématisations successives en lien avec les activités professionnelles et le marché , de la question du paritarisme de ses cadres de décision et d’une conception propre de l’action culturelle et surtout de l’Art et Essai comme projet, mouvement et système puis comme spécialisation éditoriale de la distribution ;- une étude plus monographique des trajectoires de quelques cinématographies du Sud selon la problématique d’une symétrie supposée autour d’un indicateur de production entre marché de provenance et marché français [Chine, Iran, Argentine, Brésil, Mexique] et selon la problématique des small cinemas [Tunisie, Liban, Maroc, pays d’Afrique subsaharienne]. / The study of newly released films from the ‘South’ opens up interesting new perspectives for research in cinema studies. These films not only inform us about international relations, public policy and the art house cinema market in France but have also led to some original conclusions.This thesis is based on a study of 430 long feature films released in France between 1990 and 2007 from Subsaharan Africa, the MENA region, Iran, Central Asia, Asia and Latin America. In this dissertation, we propose:- an analysis of the construction of cultural diplomacy in the context of bilateral and multilateral foreign politics. This treatment operates at the levels of French and European politics and examines the place of cinema with respect to the agencies that finance film production [Fonds Sud, HBF, ACPFILMS…] as well as the larger context of external funding for audio-visual productions in general;- an assessment of the construction of public policy concerning film, with an examination of the successive strategies for coping with professional activities and the market. Here, we examine industrial relations and cooperative decision making as well as the reflections concerning the conception of cultural activity and, above all, art house cinema as a project, movement and system then later as a specialist form of production and distribution;- a study of the trajectories of a selected group of film cultures from the south. This study turns around two issues; the purported symmetry between the market of the country where the film is made and the French market as measured by production statistics [China, Iran, Argentina, Brazil, Mexico] and the question of ‘small cinemas’ [Tunisia, Lebanon, Morocco, sub-Saharan Africa].